Siemens Healthineers AG - Company Profile
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Business Description
Siemens Healthineers AG (Siemens Healthineers), a subsidiary of Siemens AG, designs, develops, manufactures, and sells diagnostic imaging systems, clinical and workflow systems and solutions, and enterprise and digital services to public and private healthcare providers. The company reports its operations under four segments: Diagnostics, Imaging, Varian and Advanced Therapies.
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R&D Overview
Siemens Healthineers conducts research to develop new product lines based on artificial intelligence and digitalization. The company also concentrates on expanding its product-related services, including digital services and enterprise transformation services, to support customers through their digital transition. Its Digital Ecosystem platform connects healthcare providers with solution providers and brings together their applications, services, and data. The company prioritizes artificial intelligence (AI), sensors, and robotics in its R&D endeavors. AI has been a fundamental element in significant innovations crafted by Siemens Healthineers over multiple years. Within its array of products and solutions, the company effectively utilizes AI for tasks such as data analysis and interpretation, decision-making, intelligent robot control, and automation. The company has developed products such as MAGNETOM Free in the area of MRI, with AI-powered reconstruction technology with sharper image quality; Symbia Pro. spectra, a single photon emission computed tomography system. In imaging segment, the company plans to develop NAEOTOM Alpha CT system. In FY2023, Siemens Healthineers incurred an R&D expenditure of EUR1,866.0 million, which as a percentage of the company’s revenue stood at 8.6%. As of September 30, 2023, the company’s technical intellectual property rights included around 24,000 and includes more than 15,000 granted patents.
Business Segments
Overview
Manufactures and sells integrated products, solutions and services in various clinical fields to therapy departments of healthcare providers. The segment’s products employ image-guided therapy to enable minimally invasive treatment in cardiology, radiation oncology, surgery, and interventional radiology divisions. Major products comprise mobile C-arms and angiography systems. Believes that increasing complexity of procedures which need complex technological devices; and growing shift to minimally invasive procedure are major growth drivers.
Performance
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Overview
Offers diagnostic products and services to hospitals and laboratory, molecular and point-of-care diagnostics providers. Key offerings include blood gas analyzers, hematology analyzers, hemostasis diagnostic systems and testing equipment, urinalysis products, liquid biopsy test, molecular virology diagnostic tests, and diagnostic tests and kits used in clinical chemistry. Believes that an increasing demand for services, consumables, as well as reagents reinforces its revenue stream and client relations.
Performance
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Overview
Provides imaging products, solutions, and services. Major products include X-ray systems, magnetic resonance, computed tomography, ultrasound, and molecular imaging. Its imaging and therapy systems are based on common software platforms. Also offers a comprehensive suite of software applications to facilitate multi-modality reading and structured reporting. Believes that growing installed base and long-term service relationships are major drivers of its customer services business; and also believes that an increasing shift towards precision medicine and growing usage of imaging devices in therapy, screening and intervention are major drivers of imaging market.
Performance
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Overview
Provides innovative, multi-modality cancer care technologies, solutions and services to oncology departments in hospitals and across multiple clinics. It is designed to perform clinicians for radiotherapy and other oncology treatments. Key offerings include clinical services, technology-enabled optimized workflows, consulting capabilities, and innovative digital solutions for managing treatment and therapy. Believes that serving with integrated equipment and digital solutions, and applications will increase the access to quality care, improved treatment planning and delivery.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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